Form 4: GCM Grosvenor Officer Kathleen Sullivan Reports Stock Transactions

Kathleen Sullivan, Principal Accounting Officer at GCM Grosvenor Inc., reports the vesting and settlement of restricted stock units and associated tax withholding.

Summary

• Kathleen Sullivan, Principal Accounting Officer of GCM Grosvenor Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On May 31, 2024, 12,500 restricted stock units (RSUs) vested, resulting in the delivery of 12,500 shares of Class A Common Stock to Sullivan.
• The company withheld 4,663 shares of Class A Common Stock to satisfy tax withholding obligations related to the RSU vesting at a price of $10.05 per share.
• Following these transactions, Sullivan directly owns 53,240 shares of Class A Common Stock.
• Sullivan also continues to hold 25,000 unvested RSUs.

Sentiment

Score: 5

Explanation: This is a routine transaction related to executive compensation and doesn't indicate a significant positive or negative sentiment.

Future Outlook

The reporting person has 25,000 RSUs remaining that will vest in two tranches of 12,500 RSUs each on May 31, 2025 and May 31, 2026, subject to continued service.

Industry Context

Form 4 filings are a routine part of compliance for company insiders and provide transparency into their transactions in company stock. This filing indicates the vesting of previously granted equity compensation.

Stakeholder Impact

• The vesting of RSUs dilutes existing shareholders slightly.
• The tax withholding benefits the government.

Key Dates